83.99
+2.12%
Close of 9 Nov 2026, in USD
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About Ingles Markets
From its filings with the US Securities and Exchange Commission
Ingles Markets is based in Asheville, North Carolina and is incorporated in North Carolina. Its shares trade on Nasdaq under the ticker IMKTA. The SEC classifies its business as retail-grocery stores. In the fiscal year to 27 September 2025, it reported revenue of $5.33bn and net income of $83.6m. At that date it held total assets of $2.57bn and shareholders' equity of $1.62bn.
Ingles Markets, Incorporated, a North Carolina corporation (collectively with its subsidiaries, “Ingles,” or the “Company,” “we,” “us” or “our”), is a leading supermarket chain in the southeast United States and operates a total of 194 supermarkets in North Carolina (72), Georgia (64), South Carolina (35), Tennessee (21), Virginia (1) and Alabama (1), excluding three stores that remain temporarily closed due to damage sustained during Hurricane Helene.
On September 27, 2024, Hurricane Helene severely impacted western North Carolina, including the area where the Company’s headquarters are located, resulting in catastrophic flooding and destruction, power and communication outages, water outages, major road closures, and loss of life. For the year ended September 28, 2024, the Company recognized impairment losses of $30.4 million related to inventory and $4.5 million related to property and equipment, in each case that was damaged or destroyed by Hurricane Helene. These recorded losses do not include future repairs and rebuilds, nor did they account for revenue lost due to store closures or electronic payment disruptions.
Quoted from its 10-K, filed 26 Nov 2025. Read the filing on SEC.gov ↗
Company facts
- Sector
- Consumer Staples
- Industry
- Food & Staples Retailing
- Listed since
- 28 Sept 1987
- Employees
- 25,551
- Website
- ingles-markets.com ↗
- Head office
- PO BOX 6676, ASHEVILLE, NC, 28816
- Incorporated in
- NC
- Classification
- Retail-Grocery Stores
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Robert IngleChairman of the Board, since 1965$7.4m
- Mr. James LanningPresident, Chief Executive Officer, Director, since 2003$3.1m
- Ms. Patricia JacksonChief Financial Officer, Director, since 2010$802,065
- Mr. Michael HoganPresident of Milkco$475,301
- Ms. Laura SharpDirector$20,000
- Mr. Fred AyersIndependent Director$42,500
- Mr. L. Keith CollinsIndependent Director, since 2011$427,550
- Mr. Ernest FergusonIndependent Director$37,508
- Ms. Brenda TudorIndependent Director, since 1988$37,508
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 15
- Environment
- 9
- Social
- 26
- Governance
- 10
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Ingles Markets Inc has several strengths that contribute to its success in the market. Firstly, the company has a strong regional presence with a significant market share in its operating areas. This allows them to leverage their brand recognition and customer loyalty for continued growth. Secondly, Ingles Markets Inc has a diverse product offering, including a wide range of groceries, fresh produce, and household items. This diversified product portfolio helps attract a broader customer base and increases revenue opportunities. Furthermore, the company has a robust distribution network and established relationships with suppliers, ensuring efficient operations and reliable stock availability for customers.
Weaknesses
- Despite its strengths, Ingles Markets Inc also faces certain weaknesses that may hinder its competitive advantage. One notable weakness is the company's limited geographical reach, focusing primarily on specific regions. This makes it difficult to expand into new markets and compete with national retailers. Additionally, Ingles Markets Inc may face challenges associated with managing inventory and shelf space optimization due to its extensive product offering. This can lead to increased costs and potential issues with product availability.
Opportunities
- Ingles Markets Inc has identified several opportunities for growth and development in the market. Firstly, the increasing trend towards healthy eating and organic products presents an opportunity for the company to enhance its product selection in these areas and cater to evolving consumer preferences. Additionally, the company can explore strategic partnerships or acquisitions to expand its geographical presence and gain access to new customer segments. Moreover, the growing popularity of online grocery shopping opens doors for Ingles Markets Inc to invest in a robust e-commerce platform and tap into the digital market.
Threats
- Ingles Markets Inc operates in a highly competitive market, which exposes it to various threats. Firstly, intense competition from national retailers and large supermarket chains could potentially erode market share and limit growth opportunities. Additionally, economic downturns or recessions may impact consumer spending habits, leading to reduced sales and profitability. Moreover, changing regulations, especially related to food safety and labeling requirements, pose a threat to the company's operations and require continuous compliance efforts.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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